Indian equity markets are poised to open higher, supported by an improvement in global sentiment following a marked easing in geopolitical tensions. A temporary two-week ceasefire between the United States and Iran has helped restore risk appetite across global markets, reducing the immediate uncertainty that had weighed on equities.

U.S. President Donald Trump announced the ceasefire ahead of a previously indicated strike deadline, with the agreement linked to the reopening of the Strait of Hormuz for global shipping. Iran has signalled conditional acceptance, while Israel has paused operations. Although the situation remains fragile, with reports of minor violations, the development has created a narrow window for diplomatic engagement and reduced near-term escalation risks.

Global markets have responded positively. Asian equities are trading higher, while a sharp pullback in crude oil prices, now below the $100 mark and trending toward the $91–96 range offers a meaningful tailwind for India. Lower oil prices help ease inflationary pressures, support the current account, and improve the broader macro outlook.

The near-term narrative has shifted toward a more constructive tone, with the potential for broad-based buying interest, particularly in sectors that had come under pressure amid elevated oil prices and geopolitical concerns.

Technical view

Nifty 50

Nifty 50 is currently trading around the 23,100–23,150 zone, indicating an initial recovery after the recent correction. Immediate resistance is placed in the 23,300–23,400 range, and a sustained breakout above this zone can push the index towards 23,700–24,000 levels. 
On the downside, 23,000 now acts as immediate support, while the stronger demand zone remains at 22,700–22,600. Momentum indicators are showing early signs of improvement, although MACD continues to remain in negative territory, suggesting that strength is still building. Overall, the bias remains mildly positive, but confirmation of a stronger uptrend will depend on a decisive breakout above the resistance zone. Holding above 23,000 is critical to sustain the recovery.

Bank Nifty

Bank Nifty is trading just below its key resistance zone of 52,800–53,000. A sustained move above 53,000 can trigger further upside towards 53,600–54,000, with potential extension towards 55,000 if momentum strengthens. On the downside, immediate support is placed near 52,400, which continues to act as a short-term demand zone. The index is showing signs of stabilization, and a breakout above 53,000 remains the key level to watch for confirming a sustained bullish trend.